Wallasey, CH45 2LQ | Investment Property for Sale | VES-CH45-001

Opportunity to purchase a 2-unit freehold portfolio generating £12,780 rent pa & 7% gross yield

£182,500

2-unit Block

VES-CH45-001

INITIAL INVESTMENT

£54,600

Based on

deposit: £45,625

stamp duty: £5,475

mortgage fees: £1,500

conveyancing fees: £2,000

GROSS RENT

£12,780

GROSS YIELD

7.0%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

2

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

1,871

PRICE SQ FT

£98

Block information

  • The block is made up of 2 units comprising:
    • 1 x 3-bed apartment
    • 1 x 1-bed apartment
  • The ground floor flat comes with a basement which offers future development potential. It is currently used for storage by the tenant.
  • The apartments are fully let
  • EPC ratings D

Rental information

  • Aggregate monthly rental income: £1,065
  • Aggregate annual rental income: £12,780
  • Aggregate gross yield: 7%

Location information

  • The property is located in the New Brighton area of Wallasey
  • New Brighton railway station can be reached in under 10 minutes on foot
  • The Marine Lake, beach and local amenities are all a short walk from the property

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Wallasey, Merseyside

Wallasey is a town in Merseyside on the mouth of the River Mersey and adjoining the Irish Sea. It lies around 6 miles west of Liverpool and 4 miles north of Birkenhead.

Wallasey comprises of 6 distinct districts and doesn’t have a single Wallasey town centre. The districts are Egremont, Liscard, New Brighton, Poulton, Seacombe and Wallasey Village.

There are a number of important road links such as the Kingsway Tunnel which links Wallasey with the centre of Liverpool and the M53 motorway with begins in Poulton and goes to Chester and the M56 motorway, continuing on to Manchester Airport.

There are three railway stations, Wallasey Village, Wallasey Grove Road and New Brighton. Trains to Liverpool and Birkenhead depart regularly here. A change at Birkenhead North provides access to West Kirby, Liverpool city centre and routes towards Chester and Ellesmere Port.

In the centre of Wallasey is the Cherry Tree Shopping Centre offering several popular high street brands whilst outside of Wallasey is a retail park and a large supermarket in nearby Bidston. Wallasey village and Liscard offer a variety of shops and independent stores including florists, pet shops, arts and crafts shops and others.

Sport activities are provided by the Guinea Gap Recreation Centre which includes a gym, swimming pools, sauna facilities and more as well as Wallasey Golf Club. Ladies only fitness is provided at Hearts Ladies Health Club.

For outdoor lovers Central Park in Wallasey offers three formal gardens, large open spaces, nature ponds, a lake a visitor’s centre, children’s playground and sports facilities for bowls, cricket and basketball. Wallasey beach is also popular with dog walkers, kitesurfers and explorers.

Tollemache Street,

Wallasey,

Merseyside,

England,

CH45 2LQ

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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